M&A Deal Summary

The Huntington National Bank Acquires Torana

On May 12, 2022, The Huntington National Bank acquired information technology company Torana

Acquisition Highlights
  • This is The Huntington National Bank’s 1st transaction in the Information Technology sector.
  • This is The Huntington National Bank’s 4th transaction in the United States.
  • This is The Huntington National Bank’s 1st transaction in California.

M&A Deal Summary

Date 2022-05-12
Target Torana
Sector Information Technology
Buyer(s) The Huntington National Bank
Deal Type Add-on Acquisition

Target

Torana

Danville, California, United States
Torana is a business-to-consumer payments fintech company that provides business-to-consumer payment solutions. Torana is based in Danville, California.

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Buyer(S) 1

Buyer

The Huntington National Bank

Columbus,, Ohio, United States

Category Company
Founded 1866
Sector Financial Services
DESCRIPTION

The Huntington National Bank Inc. engages in the banking services. Company provides personal and business services to individuals and families, small and middle market businesses, and not-for-profit businesses.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 Bank of America - 24 Michigan Branches

Michigan, United States

24 Bank of America branches in Michigan, were converted to deliver Huntington products and services. Huntington’s Michigan customers will now enjoy more convenience and accessibility to our 700 plus branch network.

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